DELL

Dell Technologies Inc.

2026-01-16 03:23 PM

+2.72%

Dell extends gains as Barclays upgrade and AI server momentum drive continued buying

Dell continues its rally following yesterday's Barclays upgrade to Overweight, citing strong AI server orders and enterprise recovery. Goldman Sachs also maintains a Buy rating, with both firms highlighting Dell's record $12.3 billion AI server backlog and accelerating earnings growth.

Analysis

This appears to be a continuation of yesterday's upgrade-driven surge rather than a new catalyst. The lower-than-average volume (0.7x) suggests the move reflects ongoing price discovery from the analyst actions rather than fresh institutional buying. Dell's AI server narrative remains strong, with the company also announcing an operational overhaul called 'One Dell Way' to better leverage AI potential.

Sources

Dell Stock Has Been a Victim of AI. These Analysts Say It’s a Winner.
Barclays upgrades Dell on strong AI server orders, enterprise recovery
Dell Stock Climbs After Barclays Upgrade - Benzinga
DELL's Margins Under Pressure: Can ISG Strength Drive a Rebound?
Dell, Nutanix in focus as Barclays changes ratings on pair (DELL:NYSE) - Seeking Alpha

Date: 2026-01-16

Price: $122.79

Type: Stock Specific

Confidence: high